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> Its also worth pointing out that 'the market' memes that people lean on have other requirements; the most crucial is buyers and sellers having equal power, wh
by pierat 3y ago
> Its also worth pointing out that 'the market' memes that people lean on have other requirements; the most crucial is buyers and sellers having equal power, which the labor market immediately discards, by dint of the relative urgency and immediate outcomes of failing to make a deal on the market.
It absolutely does.
And having actually read Adam Smith's "An Inquiry into the Nature and Causes of the Wealth of Nations", most types here usually stop at chapter 2.
There's so many caveats that Smith wrote about with Capitalism, and they're mostly just ignored, or swept like an externality under the rug for someone else to clean up. But again, that's the point of not reading/ignoring past chapter 2.
It's also why I read all of it, to understand why I disapprove of it, and other systems that may be better. But, no system yet can handle that digital and intellectual things cost a lot once, but free for ever after creation.